Iberdrola moves forward with its renewable strategy its’ green’ installed capacity grows by 9 worldwide
In line with its investment strategy, the company exceeds MW of photovoltaic capacity, following a 60 growth compared to the same quarter of 2021. • Wind power-both onshore and offshore-is close to MW, after commissioning 900 MW more in the last 12 months. The Iberdrola group takes another step forward in the energy transition. The company has increased its renewable capacity by9.1 in the last 12 months, presently standing at’ green’MW. The company has commissioned MW of new renewables, in line with its strategy grounded on a decarbonised and competitive frugality, as reported moment by the company to the Spanish National Securities Market Commission (CNMV). Thanks to investments in clean energy, the group strengthened its global leadership in wind power, with a4.9 increase in wind power capacity-onshore and coastal-to MW MW coastal and MW onshore. In the first quarter, new wind systems included the objectification of the Golden Hills wind ranch in Oregon (USA), with further than 200 MW, and 55 MW at Paraíba inBrazil.Also noteworthy is the strong growth in Iberdrola’s photovoltaic capacity, which increased by 60-with MW of new installed capacity-and exceeded MW in the first quarter of 2022. This strong instigation is due to the objectification of the 553 MW Francisco Pizarro photovoltaic factory in Cáceres (Extremadura), the 50 MW of photovoltaic capacity at Revilla-Vallejera, in Burgos (Castilla y León) and the 88 MW of the Port Augusta solar factory (Australia). Battery storehouse systems have an installed capacity of 193 MW, an increase of 135 compared to the same quarter of the formeryear.In line with the company’s commitment to decarbonisation, Iberdrola’s renewable capacity has bettered in utmost of the countries where the company operates Spain (9.9), the United Kingdom (2), the United States (4.5), Brazil (14.6), and the rest of the world, whose renewable capacity has grown by 29. Thanks to investments in onshore wind and new installed capacity, the company has managed to increase its product with this clean energy by6.6 to GWh. Still, this increase didn’t manage to neutralize the negative hydro quarter in Spain, so product with renewable energy fell by4.9 toGWh.In the first quarter of 2022, renewable energy product grew in all countries except Spain due to the lack of rain United Kingdom (20.6), United States (7.8), Mexico (6.1), Brazil (49) and the rest of the world (14). CO2 Emigrations CONTINUE TO FALL In line with its commitment to a long- term environmentally and economically sustainable model, Iberdrola continues with its commitment to reduce its contaminating emigrations. At the end of the first quarter of 2022, 81 of the group’s global installed capacity is emigration-free ( compared to 79 the former time) and 83 of its worldwide product in the first quarter of 2022 is emigration-free (in Europe this figure formerly exceeds 89). Iberdrola therefore continues to make progress in its intention to reduce its emigrations intensity to be carbon neutral by 2050. These objects are aligned with the group’s commitment to the Sustainable Development Goals (SDGs) of the United Nations 2030 docket. The company is fastening its sweats on two of them point 7-affordable and clean energy-and point 13- climate action.